Still talking to Saudi authorities on export ban.

The new plant will support “our objective to expand our …, Abu Dhabi – Mubasher: The ordinary general meeting (OGM) of Gulf Pharmaceutical Industries (Julphar) has approved a proposal to distribute cash dividends of 16 fils per share (16% of the capital) for fiscal year 2016. This website stores cookies on your computer. Spanning an area of 10,000 square metres, the plant will be …, Abu Dhabi – Mubasher: Julphar Pharmaceuticals has said that its subsidiary Gulf Inject has signed a partnership agreement with Zulekha Healthcare Group. “We have been in close contact with SFDA since September to address the recommendations highlighted in their report,” the CEO added. You can manage them any time by clicking on the notification icon. The loss of the Saudi market did hurt its 2018 numbers, which saw the company report a net loss of Dh153 million on sales of Dh863 million. Dubai: Julphar, the UAE pharma company, is close to re-launching operations in Saudi Arabia … but this time through a brand new production facility. “In December last, we were granted a new cGMP certification from MOHAP (Ministry of Health and Prevention in the UAE), which is a clear indication that our products meet all necessary regulations and standards. We expect the SFDA to re-inspect our facilities soon.” 
Apart from the Saudi ban, currency devaluations and political turmoil in the region also had a hand in crimping Julphar’s 2018 financials. All data are 15 minutes late during market session, Abu Dhabi – Mubasher: Gulf Pharmaceutical Industries (Julphar) posted AED 83.2 million accumulated losses as of the end of the second quarter (Q2) of 2020, representing 12.7% of the capital. The company also plans to …, Abu Dhabi – Mubasher: Gulf Pharmaceutical Industries (Julphar) posted a 44.2% year-on-year decline in its profits during the first quarter of 2017, according to a bourse filing. The company had incurred AED 91.6 million in losses in Q1-19, against profits …, Abu Dhabi – Mubasher: Gulf Pharmaceutical Industries (Julphar) announced that the company’s board of directors has approved the appointment of Sheikh Saqer bin Humaid Al Qasimi as a new chairman. “And for consumers, more affordable prices will widen medical insurance cover and reduce out-of-pocket payments. “We have had some setbacks but in spite of that, we generated good momentum in a number of areas, which we will build on,” said Carle. “In the public health sector, where fixed budgets place limits on treatment, more affordable medicines could extend treatment options. (In the UAE, where it operates 13 plants, excluding Gulf Inject in Dubai, it’s current capacity is 3 billion tablets, 945 million capsules, 4 billion paediatric powder suspensions (PPS), among other categories.). Register to read and get full access to gulfnews.com, By clicking below to sign up, you're agreeing to our The rights issue is set to improve the company’s capital position and debt profile and will provide the financial foundation for the successful implementation of the company’s medium-term growth strategy. “We strive to be a successful company in the region and we understand that this is only possible 
if we work in partnership with authorities such as the SFDA. and Sales of Julphar, one of the largest pharmaceutical manufacturers in the Middle …, Cairo – Mubasher: UAE-based Julphar Pharmaceuticals plans to establish a pharmaceutical plant in Egypt at EGP 1.2 billion (AED 250 million) in investment, company CEO Saud Musabeh said. With UAE and Gulf health authorities keeping a close watch on the mounting cost of health care and of drug prices, entities such as Julphar through local/regional production capacities ensure drug prices remain in check. The accumulated losses are driven by the temporary …, Abu Dhabi – Mubasher: The AED 500 million rights issue of Gulf Pharmaceutical Industries (Julphar) has been oversubscribed 2.3 times to settle at AED 1.14 billion on application which closed on 12 July. Both on your website and other media. Net profits reached AED 44.1 million ($12.01 million) in Q1-17, …, Abu Dhabi – Mubasher: Julphar’s chief financial officer Jerome Carle on Wednesday announced that his company will open its manufacturing plant in Saudi Arabia on Thursday, 20 April. Last update: 28 October 01:33 PM market time. ), The Saudi plant has an installed capacity for 1 billion tablets, 300 million capsules, 30m bottles of syrups/suspensions. The company incurred losses attributed to the owners of …, Abu Dhabi – Mubasher: Gulf Pharmaceutical Industries (Julphar), listed on the Abu Dhabi Securities Exchange (ADX), has turned to losses during the first quarter of 2019. Following a ban for 20 months, Julphar's exports to Saudi Arabia will be …, Abu Dhabi – Mubasher: Gulf Pharmaceutical Industries (Julphar) plans to decrease the share capital by AED 503.274 million by canceling a number of the company's shares. Abu Dhabi – Mubasher: Gulf Pharmaceutical Industries Company (Julphar) has posted a 163.5% year-on-year loss hike during the third quarter of the fiscal year 2019. Privacy Policy.

© Al Nisr Publishing LLC 2020. They specialise in generic drugs (ie, versions of drugs that have come out of patent protection). - Rights issue is part of Julphar's capital restructuring to improve the capital base and debt profile. But now, the imminent launch of a production facility at the King Abdullah Economic City could provide the needed restorative powers to the company. This website intends to use cookies to improve the site and your experience. Furthermore, the OGM agreed …, Abu Dhabi – Mubasher: Gulf Pharmaceutical Industries (Julphar) on Sunday announced its financial results for the full year 2016. By raising AED 500 million, the company will finance its turnaround plan and put …, Abu Dhabi – Mubasher: Gulf Pharmaceutical Industries (Julphar) incurred AED 62.5 million in net losses attributable to shareholders during the first quarter of 2020, down from AED 89.1 million in the year-ago period. - The company will offer 500 million new shares with a nominal value of AED 1. Going operational with the plant will be a major boost for the company in what is one of the largest health care markets in the region. - Julphar launched AED 500 million rights issue at an offer price of AED 1 per share on 29th June 2020 - Total bids received from existing rightsholders stood at … - Julphar announces 90% increase in sales in comparison to Q2 2019 - Strong result improvement with 6% EBITDA margin in Q2 2020, - Julphar launched AED 500 million rights issue at an offer price of AED 1 per share on 29th June 2020 - Total bids received from existing rightsholders stood at AED 1.14 billion on application which closed on 12th July 2020, After an inspection of Julphar facilities, the Gulf Health Council and the Pharmaceutical & Herbal Medicine Registration & Quality Control Admin, Ministry of Health, State of Kuwait has lifted the temporary suspension on the export of Julphar products to Bahrain and Kuwait. With the capital reduction, Julphar seeks to write off accumulated losses …, Abu Dhabi – Mubasher: Gulf Pharmaceutical Industries Company (Julphar) has posted a 163.5% year-on-year loss hike during the third quarter of the fiscal year 2019. The company’s loss surged to AED 201.3 million in Q3-19, compared to AED 76.4 …, Abu Dhabi – Mubasher: Gulf Pharmaceutical Industries (Julphar) announced it would authorize the use of AED 184.80 million of the company’s voluntary reserve, as well as AED 376.90 million of the statutory reserve to offset accumulated losses of …, Abu Dhabi – Mubasher: Gulf Pharmaceutical Industries (Julphar) announced that its Jerome Carle who performs as its CEO has tendered his resignation.

This makes it imperative that we consistently meet the requirements of our customers, as well as all regulatory and legislative bodies.”. Our products continue to be sold in 50 markets around the world. UAE pharma giant to launch production at new plant even though an export ban still stands. Watch: 25 things to do in Global Village Dubai, Kuwaiti claims discovery of COVID-19 treatment. Net sales fell to AED 114.6 …, Abu Dhabi – Mubasher: The Saudi Food and Drug Authority (SFDA) has lifted the temporary suspension on the exports of Gulf Pharmaceutical Industries (Julphar) to Saudi Arabia. Ras Al Khaimah, UAE; June 1, 2020: Gulf Pharmaceutical Industries PSC (Julphar), one of the largest pharmaceutical manufacturers in the Middle East and Africa, announced today the launch of its AED 500 million rights issue as the company progresses on its ambitious turnaround plan. Net losses reached AED 153 million in 2018, against a profit worth AED 90.3 million in 2017, the company said …, Abu Dhabi – Mubasher: Gulf Pharmaceutical Industries (Julphar) has signed a licence and supply agreement with Russia-based Biocad to start investing in tumor treatment. “Challenges still lie ahead, but we are taking steps to strengthen our financial health as part of a new strategy that will see us increasing our effectiveness and efficiency. The deal will contribute …, Abu Dhabi – Mubasher: Gulf Pharmaceutical Industries (Julphar) is planning to close merger and acquisition deals in the third quarter of 2018. The net proceeds from the rights issue will …, Abu Dhabi – Mubasher: Gulf Pharmaceutical Industries (Julphar) has launched a rights issue to raise AED 500 million and improve its capital position and debt profile. Johnny Depp vs Amber Heard: Who said what during trial? We’ll send you latest news updates through the day.

“The facility is now ready to operate in the Kingdom. The Ras Al Khaimah government is the biggest shareholder in the company. By continuing to browse the site you are agreeing to accept our use of cookies.

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“Since last year, we have been working hand in hand with the UAE’s Ministry of Health and they have supported us at every stage. All rights reserved.

The company’s loss surged to AED 201.3 million in Q3-19, compared to AED 76.4 … Is the increased competition from new local or regional manufacturers impacting Julphar margins? “The temporary ban on the export of our products applies only to Saudi Arabia and Bahrain. Towards the end of April, we were successfully audited by the Gulf Health Council (GHC).” (The cGMP approval is one of the steps that need to be cleared before the all-clear is given to launch production. We respect the decision of the SFDA, their guidelines and their standards. Under the deal, Julphar will collaborate with Biocad to register and produce …, Abu Dhabi – Mubasher: Gulf Pharmaceutical Industries (Julphar) on Monday announced signing an agreement with medical technology company BD, Becton, Dickinson and Company (BD), to supply disposable insulin pens in the UAE.

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“We will stay focused on the transformational goals laid out in our strategic plan and follow through with our new product launches and portfolio optimisation. The largest generic pharmaceutical manufacturer in the MENA region reported AED 1.45 billion in sales for 2016, it …, Data is delayed 15 minutes during market session, This website is licensed by Saudi Arabia's Ministry of Culture and Information, All Rights Reserved - Mubasher Info © 2005 - 2020, Julphar's rights issue oversubscribed 2.3 times, Julphar launches AED 500m rights issue to improve capital profile, Julphar’s loss down 30% in Q1-20; accumulated losses at AED 566m, Julphar to resume exports to Saudi Arabia after two-year suspension, Julphar to extinguish accumulated losses via capital cut, Julphar’s loss surges 163.5% YoY in Q3-19, Julphar to offset AED 561.7m accumulated losses, Julphar’s CEO resigns; last working day in 2M, Julphar posts Q1 interim consolidated financial results, Julphar names new chairman, vice chairman, UAE’s Julphar, Russian Biocad ink tumor treatment deal, Julphar, BD ink deal to provide disposable insulin pens in UAE, UAE’s Julphar to build AED 250m pharma plant in Egypt, Julphar unit inks deal with Zulekha Group, UAE’s Julphar to build plants in Abu Dhabi, Kuwait, UAE’s Julphar to open Saudi plant Thursday, Julphar posts AED 1.45bn sales in 2016, finalises KSA plant, {{'components.pagination.ng.next' | translate}}.

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